Aniruddha Malpani Zerodha Scam: After allegedly being unable to withdraw more than Rs 5 crore from his demat account, an investor from Mumbai has accused well-known online trading company Zerodha of operating a “scam.” Dr. Aniruddha Malpani’s withdrawable balance was Rs 18 crore, according to the post.

Dr Malpani, who is an IVF specialist and an angel investor, shared screenshots of his Zerodha account on X (formerly Twitter). The images showed a total account value of Rs 42.9 crore, a used margin of about Rs 24.46 crore locked in trades and a withdrawable balance of Rs 18.46 crore. He alleged that the platform restricted him from withdrawing more than Rs 5 crore in a single day.

“Zerodha Scam” Explained by Aniruddha Malpani:
Dr. Malpani commented in his post, “The Zerodha fraud! They claim that the daily withdrawal limit is Rs 5 crores, hence they won’t let me take money out of their account. They don’t charge me for their services. He also demanded an answer from Nikhil Kamath, a co-founder of Zerodha.

“A maximum of Rs 5 crores can be withdrawn per day,” according to a snapshot of the Zerodha app that Dr. Malpani provided. Requests for immediate withdrawals must total between Rs 100 and Rs 2,000,000 each day. The trading account’s withdrawable balance must be available before the withdrawal limit can be reached.

Zerodha Co-founder Responded to Post:
Nithin Kamath, zerodha co-founder responded and explained that his payout requests are being processed.

Nithin Kamath said, “Hi Dr, your payout requests were processed yesterday. We need to ensure, for the sake of our systems’ sanity (like all other financial services firms), that we have some checks in place when clients withdraw funds. As you can imagine, numerous potential issues can arise during the withdrawal process, and once funds are paid out, there is no way for us to recover them. Hence, Rs 5 crore is the threshold at which we ask customers to create tickets to withdraw.”

Also Read: Beware! A Fake E-Challan Scam Is Spreading on WhatsApp – Here’s How to Stay Safe

Who Is Dr Aniruddha Malpani?
IVF specialist, entrepreneur, and angel investor Dr. Aniruddha Malpani, who is a resident of Mumbai, has developed a profession that extends into the startup system and healthcare. He started the Malpani Infertility Clinic in 1991, marking the beginning of his adventure.

Dr. Malpani Investments:
Dr. Malpani has invested in more than 30 businesses in industries including corporate technology, healthcare, and other startups, according to the market information platform Tracxn. In January of this year, he made his most recent investment in Nexxio at its seed round. Dr. Malpani remains a board member of the Malpani Infertility Clinic in addition to his interests.

Hi Dr, your payout requests were processed yesterday. We need to ensure, for the sake of our systems' sanity (like all other financial services firms), that we have some checks in place when clients withdraw funds

As you can imagine, numerous potential issues can arise during… https://t.co/dfrj56Hyxi pic.twitter.com/8hhCW0DRFO

— Nithin Kamath (@Nithin0dha) November 4, 2025

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